Tipalti AP Automation

Tipalti AP Automation

Global Payables Automation

4.6/5 (44 reviews)

Tipalti AP Automation Overview

Tipalti currently serves more than 3 million suppliers and processes over $5 billion annually in international bank transfer remittance. Customers include Amazon Twitch, Google, GoPro, Zumba, Twitter, Nikon, DreamWorks, Vimeo, and GoDaddy.

Tipalti automates the entire global payables operation, making it easy to pay suppliers anywhere in the world in different currencies and payment methods while eliminating 80% of the workload spent managing accounts payable processes. Reduce tax, regulatory, and financial control risk, accelerate your financial close with real-time payment reconciliation, generate revenue with early payments, and improve supplier relationships with Tipalti.

Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Asia, Australia, Brazil, Canada, China and 5 others, Europe, Germany, India, Japan, Latin America

Supported Languages

Chinese (Simplified), Dutch, English, French, German and 6 others, Italian, Japanese, Korean, Portuguese, Russian, Spanish

Tipalti AP Automation Reviews

Overall rating
4.6/5
100% positive reviews
28
Excellent
16
Very good
0
Average
0
Poor
0
Terrible
Eric B.

Great way to pay worldwide

Used Daily for 2+ years
Reviewed on 2016/08/29
Review Source: Capterra

We've used Tipalti since their early days and have been very happy with the services and features. I was looking for a way to pay our research contractors who live worldwide. We've paid people in more than 100 countries and with that needed to improve the efficiency of the process. We also had a concern that our worldwide payments are in compliance with money transfer regulations.
Tipalti brought a terrific money transfer solution that's very efficient and supports a variety of payment options. We implemented Tipalti into our payment process and have since transferred millions of dollars worldwide.

Pros

Our researchers love the lower fees compared to just PayPal payments and the variety of money transfer choices. It's dependable and our researchers get paid in a dependable manner. The ability to capture payment details and tax forms without the headache of PCI compliance has been a big help for us.

Cons

Sometimes it would be nice if more of the configuration options were available in the actual application. There are some choices and options that are not easily known unless you go back and forth with support.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Chris L.

Straight Forward System!

Used Daily for 2+ years
Reviewed on 2016/09/09
Review Source: Capterra

Great system for the price. Overall great support when needed. Data is easily managed and we generally have a seamless AP schedule thanks to Tipalti.

Pros

Easy to manage vendor payments

Reconciliations are straight forward

Payments are easily executed

Cons

Lack of detail at times for error'd payments

Lack of integration with our primary business bank provider - Bank of America

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Diana S.

Great tool to make multiple payments

Used Daily for 1-5 months
Reviewed on 2018/12/06
Review Source: GetApp

Pros

I've used Tipalti for the last three months. It's straightforward to manage and has allowed me to pay hundreds of new contractors located in different part of the world allowing them to choose between multiple payments methods for a reasonable fee. I love that contractors can create their own account by filling out their personal, tax and bank information, I can customize the app for them to receive notifications of the status of their payments. The invoice feature is one of the most valuable to me and has allowed me to streamline the process. Customer support is excellent.

Cons

The only problems I have is that fee contractors needed to make several attempts to sign in and register in the platform for the first time; also the system does not prevent them from uploading the same invoice more than once. I would like to have the feature to create contractors massively; customer support helps me with this.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10
Steven G.

Great Payment Solution

Used Daily for 6-12 months
Reviewed on 2016/08/30
Review Source: GetApp

We have a very complicated payout setup that used to take up to 5 days per month to complete. After integrating with Tipalti we've been able to reduce that to 1 day a month and significantly increase the accuracy and timeliness of payouts. The functionality provided relative to the cost is a steal. While we'd love to see more customization, they're working hard to release new features and we've been very pleased with the relationship so far.

Pros

-Fairly easy to setup and integrate
-Affordable
-Good customer support
-Visibility for vendors

Cons

-Could allow for more customization
-UI is a little antiquated but works

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Kevin F.

Excellent service

Used Weekly for 6-12 months
Reviewed on 2016/08/30
Review Source: GetApp

Excellent SAS. Customer Support is top notch. Using this service has reduced our man-hours (and costs) considerably. There is a lot of back-end work to get it linked into your system but it’s worth it. We send weekly and monthly payments (qty in the thousands) and I’d hate to go back to doing this ourselves.

Pros

Excellent Customer Support, I'd rank it among the best. You can actually CALL them (!). Sometimes you have to leave a voice message but they get back to your promptly; same if you email them. Uploading payment instructions is very straightforward.

Cons

Knowing if a recipient is indeed “payable” is sometimes a bit difficult to determine. However, such recipients seem to be in hard-to-pay countries. Tipalti is always trying to improve things though.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Tipalti AP Automation Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Please contact us for pricing information.

Tipalti AP Automation Features

  • API
  • Accounting Integration
  • Accounting Management
  • Automatic Notifications
  • Compliance Management
  • Electronic Payments
  • Invoice Management
  • Invoice Processing
  • Multi-Currency
  • Real Time Data
  • Third Party Integration
  • Workflow Management

  • Activity Dashboard
  • Billing & Invoicing
  • Customizable Reporting
  • Data Import/Export
  • Expense Tracking
  • Financial Analysis
  • Receiving
  • Reporting & Statistics

Additional information for Tipalti AP Automation

Key features of Tipalti AP Automation

  • 1099/1042-S Tax Prep Reporting & Withholdings Calculations
  • Affiliate payments processing
  • Customer & vendor payment processing
  • ERP Integration
  • Early Payments
  • Global Remittance - 190 Countries, 120 Currencies
  • Invoice Processing, PO Matching, & Approvals
  • Local/VAT Tax ID Collection & Validation
  • Online payment solutions for pay-out processing
  • Payment Methods: ACH, Wire, Prepaid Debit, PayPal, Check
  • Payment Reconciliation & AP Reporting
  • Performance Tracking Integration
  • Proactive OFAC & Other Sanctions Screening
  • Proactive Payment Status Communications
  • Self-Service Supplier Onboarding & Management
  • W-8/W-9 Tax Form Capture & Validation

Benefits

  • Wipe out 80%+ of manual accounts payable operational processes, including supplier onboarding, invoice processing with PO matching, tax compliance, global payments, supplier payment status communications, and payment reconciliation with your ERP system.

  • Reduce tax risk. Tipalti collects W-9/W-8 tax forms, validates form data, calculates tax withholdings, and generates end-of-year 1099 and 1042-S tax prep reports, which can be used for e-Filings powered by Sovos. For international payers, Tipalti collects and validates the local tax/VAT ID in 50 countries.

  • Assist with regulatory compliance. Every payee is proactively scanned against OFAC and international blacklists to avoid payouts to suspected terrorists, those involved in money laundering, and drug traffickers.

  • Strengthen financial controls with built-in audit logs, signatory rights, role-based privileges, and robust workflow approvals.

  • Generate revenue for AP by offering early payments to suppliers. Manage your cash flow better and increase negotiating leverage without impacting your working capital.

  • Enhance your supplier payment experience by offering a broad range of global payment method and currency selection, and by improving payment accuracy and timeliness.

  • GetApp Analysis

    Tipalti is a world payment system that helps companies reduce the time needed to complete huge numbers of complicated payments to suppliers globally. It takes care of the international money transfer details that differentiate throughout the world, automating the processes associated with vendor, customer and affiliate payments on a global level, letting businesses focus their resources on other areas.

    The software is suitable for use by companies that deal with multiple global partners and suppliers and therefore need to offer secure payment solutions to their partners around the globe. It is ideal for large enterprises with offices and services fragmented into multiple locations, and any business in charge of mass pay-out operations that is overwhelmed by the excessive manual effort required to keep up with payment processing, tax form collection and compliance, payment reconciliation reporting, and so forth.

    Tipalti handles multiple currency conversions, international money transfer, payment processing, gathers all required tax forms, integrates with all international compliance regulations so that payees are kept in compliance with OFAC, prevents money-laundering, provides sophisticated payment fraud prevention tools, and serves as a platform for communication and resolution in the case of global payment issues. Its integrated reports system ensures that finance departments can get a detailed picture of the international payments activities broken down by payment method and supplier for a given time period.

    Filling a W9 form with Tipalti.

    What is Tipalti AP Automation?

    The main purpose of Tipalti is to free up company resources that were previously struggling to cope with mass payments across the world. In addition to that, Tipalti handles tax, regulatory compliance, and fraud risk while raising the overall partner experience with faster international payments, less transaction errors, more diverse payment methods and currency options, and more streamlined communication.

    Tipalti can help finance departments to easily get through time-consuming tasks such as international bank transfer, collecting necessary payment info by country, utilizing different location-based payment methods, collecting and sharing of tax forms, preparing 1099s, and performing payment reconciliation and reporting.

    Payment details.

    Tipalti AP Automation Main Features

    Tax and regulatory compliance

    Partner tax form collection is a time-consuming hassle and a regulatory concern with risk of fines and other punishment. Tipalti eases those worries by collecting all tax documentation directly within its payment system, making this information instantly available to the payer whenever needed. All necessary tax information is compiled in built-in 1099 reports.

    Tipalti’s world payment system include a built-in database that covers over 190+ countries that is constantly updated so that payers are always up to date with constant changes to national tax laws and regulations across the world. Ongoing in-house IT payment system upgrades and maintenance costs are eliminated.

    Details regarding Israeli regulations showing above the form.

    Payment currency and method selection for global payment

    With Tipalti’s global payment system, companies no longer need to restrict the countries they have partners in, nor do they need to limit the payment methods and currencies they offer to those global partners and suppliers. Each country has very different payment regulations, so performing payments throughout the world demands serious amounts of time and energy to gather all the required information and avoid payment transaction issues.

    With Tipalti, partners can select which international currency they want to get paid in, saving them time spent converting their payments to the local currency and unneeded bank fees. This makes their collaboration and experience with a partner company of the highest quality.

    Tipalti’s payment processor also allows partners to choose the payment method they want to use based on their location of interest. Particular payment methods are preferred in different countries and each payment method has different information collection requirements by country so this capability provides both a better partner payment experience while minimizing the risk of payment processing errors on behalf of the payer. Supported payment methods are ACH, International ACH, eCheck, Wire Transfer, PayPal, Paper Check, Prepaid Card and Cash (via Western Union).

    Choosing a payment method on Tipalti.

    Payment issue resolution

    Where financial transactions are performed, there must be solid and clear communication. Tipalti automatically handle the communication of payment issues directly with payees to collect missing information, or to resolve payment disputes, while automatically providing all notifications to the paying company. This saves the payer time from having to directly deal with these types of payment dispute communications and ensures there are no unnecessary delays in transactions.

    Fraud protection

    Tipalti’s secure payment solutions prevent fraudulent behavior by automatically checking payee records against US and international blacklists (OFAC) to avoid payouts to suspected terrorists, money launderers, and drug traffickers.

    Despite payees that have previously passed these tests, they are checked again during every payment cycle according to the US government data and Specially Designated Nationals lists being updated on a weekly basis. These built-in fraud control features remove legal and financial risk. The application can even suspend or block payees and freeze their payment process.

    Payment reporting

    Tipalti’s online payment solutions include an integrated reporting system offers the payer and payee full visibility of the payment process and status of each payment, while payment reconciliation and 1099 reporting significantly streamlines the close period reporting process.

    Users can access reports through the application’s main dashboard, or get them delivered via email, API calls, daily FTP file updates and IPN. These reports can be used to aggregate all economical data into weekly, monthly or annual reports.

    Tipalti AP Automation Integrations

    As Tipalti is utilized by many affiliate and advertising network companies, it is important to be able to track the performance and traffic generation impact of each affiliate or partner, and to pay individuals accordingly. To cover this need, Tipalti integrates well with the CAKE digital marketing analytics software.

    Tipalti can also integrate with HasOffers performance marketing analytics software, the popular QuickBooks finance and accounting software and the Netsuite ERP system. The API of the application integrates with a payer’s partner website for payee registration, payment method and currency selection and tax form collection through Tipalti’s iFrame system.

    Tipalti AP Automation Pricing

    Tipalti costs $750 per month plus a flat per transaction fee that vary according to the payment method that the payee chooses. Because of the nature of the service, there is no trial version available.

    The software only comes in one standard version with the fixed aforementioned price and supports unlimited number of transactions, payees, suppliers, partners, collaborators, users and countries.

    Tipalti AP Automation Bottom Line

    • Easy, fast and secure world payment system
    • Affiliate program management and affiliate payments, publisher payment, and vendor payment
    • Fraud protection during international money transfer
    • Tax and regulatory compliance management for global payment
    • Multi-national transactions for international bank transfer
    • Up to 50% less labor costs and 25% less direct payment costs

    Tipalti AP Automation FAQs

    Below are some frequently asked questions for Tipalti AP Automation.

    Q. What type of pricing plans does Tipalti AP Automation offer?

    Tipalti AP Automation offers the following pricing plans:

    Pricing model: Subscription

    Free Trial: Not Available

    Please contact us for pricing information.

    Q. What are the main features of Tipalti AP Automation?

    Tipalti AP Automation offers the following features:

    • 1099/1042-S Tax Prep Reporting & Withholdings Calculations
    • Affiliate payments processing
    • Customer & vendor payment processing
    • ERP Integration
    • Early Payments
    • Global Remittance - 190 Countries, 120 Currencies
    • Invoice Processing, PO Matching, & Approvals
    • Local/VAT Tax ID Collection & Validation
    • Online payment solutions for pay-out processing
    • Payment Methods: ACH, Wire, Prepaid Debit, PayPal, Check
    • Payment Reconciliation & AP Reporting
    • Performance Tracking Integration
    • Proactive OFAC & Other Sanctions Screening
    • Proactive Payment Status Communications
    • Self-Service Supplier Onboarding & Management
    • W-8/W-9 Tax Form Capture & Validation

    Q. Who are the typical users of Tipalti AP Automation?

    Tipalti AP Automation has the following typical customers:

    Freelancers, Large Enterprises, Mid Size Business, Small Business

    Q. What languages does Tipalti AP Automation support?

    Tipalti AP Automation supports the following languages:

    Chinese (Simplified), Dutch, English, French, German, Italian, Japanese, Korean, Portuguese, Russian, Spanish

    Q. What type of pricing plans does Tipalti AP Automation offer?

    Tipalti AP Automation has the following pricing plans:

    Subscription

    Q. Does Tipalti AP Automation support mobile devices?

    We do not have any information about what devices Tipalti AP Automation supports

    Q. What other apps does Tipalti AP Automation integrate with?

    Tipalti AP Automation integrates with the following applications:

    APIANT, HitPath, LinkTrust, NetSuite, Oracle Fusion Financial Management, PayPal, QuickBooks, QuickBooks Online, TUNE, item8

    Q. What level of support does Tipalti AP Automation offer?

    Tipalti AP Automation offers the following support options:

    FAQs, Forum, Knowledge Base, Online Support, Phone Support